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Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023

  • ID: 4621820
  • Report
  • September 2018
  • Region: Global
  • 144 Pages
  • Markets and Markets
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The Global Pumps Market in Oil & Gas Industry is Projected to Reach USD 10.36 Billion by 2023 from an Estimated USD 8.47 Billion in 2018, at a CAGR of 4.12%.

FEATURED COMPANIES

  • Alfa Laval
  • Gardner Denver
  • Grundfos
  • KSB
  • Schmitt Kreiselpumpen
  • Weir Group
  • MORE

The global pumps market in oil & gas industry is projected to grow at a CAGR of 4.12% from 2018 to 2023.

The global pumps market in oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals. Fluctuating crude oil prices along with growth in renewable energy can hinder the growth of the market.

The midstream application segment is expected to be the fastest growing market from 2018 to 2023.

The midstream segment is estimated to be the fastest growing during the forecast period. North America is estimated to hold the largest market in the midstream segment, followed by Asia Pacific. Growth of unconventional resources in these regions is creating the need for an expanded midstream network of pipelines, rail, tankers, and terminals, thus, driving the pumps market in oil & gas industry during the forecast period.

Middle East & Africa: The fastest growing market for oil & gas pumps

The Middle East & Africa region is expected to be the third largest pumps market by 2023 and is projected to grow at the highest CAGR during the forecast period. The pumps market in the oil & gas industry in this region is mainly driven by the investments in the oil & gas sectors. The government of Saudi Arabia is taking initiatives to control the oil & gas sector of the country by identifying new oil fields, expanding existing fields, and enhancing production. According to Reuters, Kuwait is expected to witness an investment worth USD 1.1 billion by the Kuwait Foreign Petroleum Corporation in the oil & gas sector to boost its production. Such investments are expected to drive the pumps market in oil & gas industry during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 60%, Tier 2 – 27%, and Tier 3 – 13%
  • By Designation: C-Level – 35%, Director Level – 25%, and Others – 40%
  • By Region: Asia Pacific – 30%, North America – 27%, Middle East & Africa – 25%, and Europe – 10%, and South America – 8%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

Research Coverage:

The report defines, describes, and forecasts the global pumps market in oil & gas industry, by type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the pumps market in oil & gas industry.

Why Buy this Report?

  • The report identifies and addresses key markets for pumps in oil & gas industry, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alfa Laval
  • Gardner Denver
  • Grundfos
  • KSB
  • Schmitt Kreiselpumpen
  • Weir Group
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Oil & Gas Pumps Market During the Forecast Period
4.2 Oil & Gas Pumps Market, By Country
4.3 North America Oil & Gas Pumps Market, By Application & Country
4.4 Oil & Gas Pumps Market, By Type

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
       5.3.1 Growth of Unconventional Resources in North America, South America, and Asia Pacific
       5.3.2 Development of Gas Terminals
5.4 Restraints
       5.4.1 Growth in Renewable Energy
       5.4.2 Low Oil & Gas Prices
5.5 Opportunities
       5.5.1 New Discoveries of Reserves in the African Region
5.6 Challenges
       5.6.1 High Level of Competition
       5.6.2 Managing Lead Time of Product

6 Oil & Gas Pumps Market, By Type

6.1 Introduction
6.2 Centrifugal Pump
6.3 Positive Displacement Pump
       6.3.1 Screw Pump
       6.3.2 Reciprocating Pump
       6.3.3 Rotary & Gear Pump
       6.3.4 Progressive Cavity Pump
       6.3.5 Diaphragm Pump
       6.3.6 Multi-Plunger Pump
       6.3.7 Piston Pump
6.4 Cryogenic Pump

7 Oil & Gas Pumps Market, By Application

7.1 Introduction
7.2 Upstream
       7.2.1 Seawater Lift Pump
       7.2.2 Water & CO2 Injection
       7.2.3 Safety & Firefighting
       7.2.4 Gathering & Seperations
7.3 Midstream
       7.3.1 Pipeline & Transportation
       7.3.2 Terminal
       7.3.3 CO2 Pipeline
       7.3.4 Others
7.4 Downstream
       7.4.1 Primary Processing
       7.4.2 Secondary Processing
       7.4.3 Storage & Transfer

8 Oil & Gas Pumps Market, By Region

8.1 Introduction
8.2 North America
       8.2.1 By Type
       8.2.2 By Application
       8.2.3 By Country
       8.2.4 US
       8.2.5 Canada
       8.2.6 Mexico
8.3 Asia Pacific
       8.3.1 By Type
       8.3.2 By Application
       8.3.3 By Country
                8.3.3.1 China
                8.3.3.2 Japan
                8.3.3.3 India
                8.3.3.4 South Korea
                8.3.3.5 Australia
       8.3.4 Rest of Asia Pacific
8.4 Europe
       8.4.1 By Type
       8.4.2 By Application
       8.4.3 By Country
                8.4.3.1 Russia
                8.4.3.2 Germany
                8.4.3.3 UK
                8.4.3.4 Norway
                8.4.3.5 France
                8.4.3.6 Italy
                8.4.3.7 Rest of Europe
8.5 Middle East & Africa
       8.5.1 By Type
       8.5.2 By Application
       8.5.3 By Country
                8.5.3.1 Saudi Arabia
                8.5.3.2 UAE
                8.5.3.3 Kuwait
                8.5.3.4 Qatar
                8.5.3.5 Angola
                8.5.3.6 Nigeria
                8.5.3.7 Rest of Middle East & Africa
8.6 South America
       8.6.1 By Type
       8.6.2 By Application
       8.6.3 By Country
                8.6.3.1 Brazil
                8.6.3.2 Argentina
                8.6.3.3 Venezuela
                8.6.3.4 Rest of South America

9 Competitive Landscape

9.1 Overview
9.2 Ranking of Players and Industry Concentration, 2017
9.3 Competitive Scenario
       9.3.1 Contracts & Agreements, 2015–2018
       9.3.2 New Product Developments, 2015–2018
       9.3.3 Investments & Expansions, 2015–2018
       9.3.4 Mergers & Acquisitions, 2015–2018
       9.3.5 Partnerships, 2015–2018

10 Company Profiles

10.1 Alfa Laval
10.2 Flowserve
10.3 Gardner Denver
10.4 GE Oil & Gas
10.5 Grundfos
10.6 HMS
10.7 KSB
10.8 Sulzer
10.9 Weir Group
10.10 Xylem
10.11 Lewa
10.12 Schmitt Kreiselpumpen

11 Appendix

List of Tables

Table 1 Oil & Gas Pumps Market Snapshot
Table 2 Oil & Gas Pumps Market, By Type, 2016–2023 (USD Million)
Table 3 Centrifugal Pump: Oil & Gas Pumps Market, By Region, 2016–2023 (USD Million)
Table 4 Positive Displacement Pump: Market, By Region, 2016–2023 (USD Million)
Table 5 Positive Displacement Pump: Market, By Type, 2016–2023 (USD Million)
Table 6 Reciprocating Pump: Market, By Type, 2016–2023 (USD Million)
Table 7 Cryogenic Pump: Market, By Type, 2016–2023 (USD Million)
Table 8 Global Oil & Gas Pumps Market, By Application, 2016–2023 (USD Million)
Table 9 Upstream: Market, By Region, 2016–2023 (USD Million)
Table 10 Upstream: Market, By Application, 2016–2023 (USD Million)
Table 11 Midstream: Market, By Region, 2016–2023 (USD Million)
Table 12 Midstream: Market, By Application, 2016–2023 (USD Million)
Table 13 Downstream: Market, By Region, 2016–2023 (USD Million)
Table 14 Downstream: Market, By Application, 2016–2023 (USD Million)
Table 15 Oil & Gas Pumps Market, By Region, 2016–2023 (USD Billion)
Table 16 North America: Market, By Type, 2016–2023 (USD Million)
Table 17 North America: Market, By Application, 2016–2023 (USD Million)
Table 18 North America: Market, By Country, 2016–2023 (USD Million)
Table 19 US: Market, By Type, 2016–2023 (USD Million)
Table 20 US: Market, By Application, 2016–2023 (USD Million)
Table 21 Canada: Market, By Type, 2016–2023 (USD Million)
Table 22 Canada: Market, By Application, 2016–2023 (USD Million)
Table 23 Mexico: Market, By Type, 2016–2023 (USD Million)
Table 24 Mexico: Market, By Application, 2016–2023 (USD Million)
Table 25 Asia Pacific: Market, By Type, 2016–2023 (USD Million)
Table 26 Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 27 Asia Pacific: Pump Market, By Country, 2016-2023 (USD Million)
Table 28 China: Market, By Type, 2016–2023 (USD Million)
Table 29 China: Market, By Application, 2016–2023 (USD Million)
Table 30 Japan: Market, By Application, 2016–2023 (USD Million)
Table 31 Japan: Market Size, By Application, USD Million, 2016–2023
Table 32 India: Market, By Type, 2016–2023 (USD Million)
Table 33 India: Market, By Application, 2016–2023 (USD Million)
Table 34 South Korea: Market, By Type, 2016–2023 (USD Million)
Table 35 South Korea: Market, By Application, 2016–2023 (USD Million)
Table 36 Australia: Market, By Type, 2016–2023 (USD Million)
Table 37 Australia: Market, By Application, 2016–2023 (USD Million)
Table 38 Rest of Asia Pacific: Market, By Type, 2016–2023 (USD Million)
Table 39 Rest of Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 40 Europe: Market, By Type, 2016–2023 (USD Million)
Table 41 Europe: Market, By Application, 2016–2023 (USD Million)
Table 42 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 43 Russia: Market, By Type, 2016–2023 (USD Million)
Table 44 Russia: Market, By Application, 2016–2023 (USD Million)
Table 45 Germany: Market, By Type, 2016–2023 (USD Million)
Table 46 Germany: Market, By Application, 2016–2023 (USD Million)
Table 47 UK: Market, By Type, 2016–2023 (USD Million)
Table 48 UK: Market, By Application, 2016–2023 (USD Million)
Table 49 Norway: Market, By Type, 2016–2023 (USD Million)
Table 50 Norway: Market, By Application, 2016-2023 (USD Million)
Table 51 France: Market, By Type, 2016–2023 (USD Million)
Table 52 France: Market, By Application, 2016–2023 (USD Million)
Table 53 Italy: Market, By Type, 2016–2023 (USD Million)
Table 54 Italy: Market, By Application, 2016–2023 (USD Million)
Table 55 Rest of Europe: Market, By Type, 2016–2023 (USD Million)
Table 56 Rest of Europe: Market, By Application, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Market, By Type, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Market, By Application, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Market, By Country, 2016–2023 (USD Million)
Table 60 Saudi Arabia: Market, By Type, 2016–2023 (USD Million)
Table 61 Saudi Arabia: Market, By Application, 2016–2023 (USD Million)
Table 62 UAE: Market, By Type, 2016–2023 (USD Million)
Table 63 UAE: Market, By Application, 2016–2023 (USD Million)
Table 64 Kuwait: Market, By Type, 2016–2023 (USD Million)
Table 65 Kuwait: Market, By Application, 2016–2023 (USD Million)
Table 66 Qatar: Market, By Type, 2016–2023 (USD Million)
Table 67 Qatar: Market, By Application, 2016–2023 (USD Million)
Table 68 Angola: Market, By Type, 2016–2023 (USD Million)
Table 69 Angola: Market, By Application, 2016–2023 (USD Million)
Table 70 Nigeria: Market, By Type, 2016–2023 (USD Million)
Table 71 Nigeria: Market, By Application, 2016–2023 (USD Million)
Table 72 Rest of Middle East & Africa: Market, By Type, 2016–2023 (USD Million)
Table 73 Rest of Middle East & Africa: Market, By Type, 2016–2023 (USD Million)
Table 74 South America: Market, By Type, 2016–2023 (USD Million)
Table 75 South America: Market, By Application, 2016–2023 (USD Million)
Table 76 South America: Market, By Country, 2016–2023 (USD Million)
Table 77 Brazil: Market, By Type, 2016–2023 (USD Million)
Table 78 Brazil: Market, By Application, 2016–2023 (USD Million)
Table 79 Arentina: Market, By Type, 2016–2023 (USD Million)
Table 80 Arentina: Market, By Application, 2016–2023 (USD Million)
Table 81 Venezuela: Market, By Type, 2016–2023 (USD Million)
Table 82 Venezuela: Market, By Application, 2016–2023 (USD Million)
Table 83 Rest of South America: Market, By Type, 2016–2023 (USD Million)
Table 84 Rest of South America: Market, By Application, 2016–2023 (USD Million)
Table 85 Lewa, Sulzer, and Weir Group Were the Most Active Players in the Market Between 2015 and 2018

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Midstream Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Centrifugal Pump Segment is Expected to Lead the Oil & Gas Pump Market During the Forecast Period
Figure 9 North America Dominated the Oil & Gas Pump Market in 2017
Figure 10 Growth of Unconventional Resources in North America, South America, and Asia Pacific is Expected to Drive the Oil & Gas Pump Market From 2018 to 2023
Figure 11 The Market in Saudi Arabia is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Midstream Segment Dominates the Oil & Gas Pump Market in North America
Figure 13 Centrifugal Pump Segment is Expected to Dominate the Oil & Gas Pump Market in 2017
Figure 14 Oil & Gas Pump Market : Drivers, Restraints, Opportunities, & Challenges
Figure 15 Unconventional Resource Potential Across Major Countries
Figure 16 Ramp Up of LNG Supply, By Country, 2018
Figure 17 Decreasing Cost of Solar Pv Generation, 1995–2015
Figure 18 Crude Oil Price Trend (2013–2018)
Figure 19 Centrifugal Pump Segment Accounted for the Largest Market Share, 2017
Figure 20 Midstream Segment Dominated the Oil & Gas Pump Market in 2017
Figure 21 North America is Expected to Lead the Oil & Gas Pump Market During the Forecast Period
Figure 22 Regional Snapshot: North America
Figure 23 Regional Snapshot: Asia Pacific
Figure 24 Indian Refinery Capacity, 2017
Figure 25 Key Developments in the Oil & Gas Pump Market, 2015–2018
Figure 26 Flowserve Led the Oil & Gas Pump Market in 2017
Figure 27 Alfa Laval: Company Snapshot
Figure 28 Flowserve: Company Snapshot
Figure 29 Gardner Denver: Company Snapshot
Figure 30 GE Oil & Gas: Company Snapshot
Figure 31 Grundfos: Company Snapshot
Figure 32 HMS: Company Snapshot
Figure 33 KSB: Company Snapshot
Figure 34 Sulzer: Company Snapshot
Figure 35 Weir Group: Company Snapshot
Figure 36 Xylem: Company Snapshot

Note: Product cover images may vary from those shown
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  • Alfa Laval
  • Flowserve
  • Gardner Denver
  • GE Oil & Gas
  • Grundfos
  • HMS
  • KSB
  • Sulzer
  • Weir Group
  • Xylem
  • Lewa
  • Schmitt Kreiselpumpen
Note: Product cover images may vary from those shown
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